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NZ house prices and volumes rise in July - REINZ
August 12, 2015 / 11:14 PM / 2 years ago

NZ house prices and volumes rise in July - REINZ

WELLINGTON, Aug 13  (Reuters) - New Zealand house prices
pushed up to a record level in July, while sales volumes also
gained strongly, the Real Estate Institute of New Zealand
(REINZ) said on Thursday.
    The REINZ said prices in the country's biggest city,
Auckland eased, but the strength of that market was still
spilling over into adjoining regions. The Reserve Bank of New
Zealand is bringing in new rules to cover lending to residential
property investors, which might result in higher interest rates
for such borrowers. 
    Earlier this month, government valuer Quotable Value
reported house prices grew 10.1 percent in the year to July 31,
their fastest in seven years. 
       
---------------------------------------------------------------
S/adj median price (in pct): 
                           Month      Pvs month     12 months
 NZ total                  +5.5         -0.9         +11.6
 Auckland                  -1.6         +3.0         +20.2 
 Christchurch              -0.8         +5.8          +3.9
    
                           Month     Pvs month     Vs yr ago
 Houses sold               8,121       7,426        +34.9 pct
 ------------------------------------------------------------

The full data is available at www.reinz.co.nz
    

 (Reporting by Gyles Beckford; Editing by Richard Pullin)

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